Thanks for reading the Bisnow Weekender, my personally curated roundup of the most impactful news, notable quotes, binge-worthy show recommendations and other colorful highlights from the Bisnow world of commercial real estate and beyond. Save the planet and make money along the way? The hard-nosed world of commercial real estate doesn’t run on morality — it runs on a different kind of green — but even when those shades of green match, the answer is a collective heave of … “nah.” In a multi-part Bisnow special report published this week, we spotlight the underutilized potential of green loans within the real estate sector. As New York Reporter Ciara Long uncovers in her story, despite the dual benefits of helping the environment and securing cheaper debt, hesitancy among lenders and borrowers remains high, stifling wider adoption. “If you want to put a number on it, guilt's worth a quarter point on interest on a loan. That's it. That's guilt,” one expert told us. “Anything beyond that, it's got to be something that can flow down to the bottom line. Right now, that's not matching up.” In the second part of this series, Houston Reporter Maddy McCarty reports how real estate lenders are still missing significant opportunities to enforce carbon reduction measures among borrowers. It’s more of the same, which was perfectly illustrated in the big takeaway from our investigation last year led by… Read Full Story |